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Management - Entrepreneurship & Small Business Management

  • Overview
  • Careers
  • New Freshmen
  • New Transfer
  • Illinois State Students

The Entrepreneurship and Small Business Management sequence offers a unique learning experience to students who aspire to start businesses or obtain employment in growth-oriented small businesses. The program will help students identify career options in small business, expand their knowledge of entrepreneurship, and develop venture management skills and techniques.

Why Study Management - Entrepreneurship & Small Business Management?

Entrepreneurship is at the heart of every business. Every large company started out as a small business, led by an entrepreneur. As our economy becomes more volatile, having the skills and knowledge to start a new business may mean the difference between prosperity and poverty.

Entrepreneurial skills are also in demand in established companies. Every business, large or small, must be entrepreneurial just to survive. Innovative thinking has replaced "do it our way" as the rallying cry of the corporation. Students who learn to think independently flourish in chaotic environments and to keep cool under pressure are in high demand.

The Entrepreneurship and Small Business Management sequence is designed to build entrepreneurial skills step by step. Professors, not graduate students, teach classes. We embody a hands-on philosophy of teaching, putting our students into real-life entrepreneurial situations. Our program is rigorous, challenging, and most of all, fun.

Related Majors

Related Skills

  • Leadership
  • Critical thinking
  • Problem solving
  • Numerical computation
  • Sound decision-making
  • Oral & written communication
  • Organizingactivities
  • Computer literacy
  • Planningactivities
  • Flexibility
  • Team player
  • Coordinating activities
  • Directing activities and staff
  • Cross-culturalskills
  • Interpersonal skills
  • Analyze and interpret data

Related Fields

Public Accounting

Human Resource Management

  • Recruiting/Staffing
  • Compensation
  • Benefits
  • Training
  • Safety
  • Employee Relations
  • Industrial Relations
  • Equal Employment Opportunity

Employers

  • Large corporate entities
  • Service industry
  • Hospitals and healthcare organizations
  • Universities
  • Temporary or staffing agencies
  • Executive search firms
  • Local, state and federal government
  • Labor unions

Strategies

  • Take courses in the social sciences such as psychology and sociology
  • Gain relevant experience through internships. Develop strong verbal and written communication skills
  • Learn to solve problems creatively
  • Develop strong computer skills because many human resource systems are automated
  • Join the Society of Human Resource Management andother related professional associations
  • Be prepared for continuous learning once in the profession
  • Earn a master’s degree for career advancement

Management

Employers

  • Business and industry including: Banks and financial institutions, Retail stores, Restaurants, Hotels, Service providers, Healthcare organizations
  • Local, state and federal government
  • Nonprofit organizations
  • Self-employed

Strategies

Be prepared to start in entry-level management trainee positions. Gain experience through internships or jobs. Work at a retail store or restaurant, and advance into an assistant manager position. Get involved in student organizations and assume leadership roles. Demonstrate an entrepreneurial spirit, a strong work ethic, integrity, and a sense of independence. Take courses in a secondary specialty such as marketing or information systems to increase job opportunities. Learn to work well on a team.

Insurance

  • Claims
  • Underwriting
  • Risk Management
  • Sales
  • Loss Control

Employers

  • Insurance firms
  • Banks

Strategies

  • Complete an internship with an insurance agency
  • Talk to professionals in the industry to learn more about claims, underwriting, and risk management
  • Many good, entry-level positions exist in these areas
  • Initiative and sales ability are necessary to be a successful agent or broker
  • Develop strong communication skills as many positions require interaction with others and the ability to explain information clearly and concisely

Real Estate

  • Residential Brokerage
  • Commercial Sales
  • Appraisals
  • Property Management

Employers

  • Real estate brokers
  • Banks
  • Appraisal firms
  • Apartment and condominium complexes
  • Developers

Strategies

  • Obtain sales experience through part-time, summer, orinternship positions
  • Research the process of becoming a real estate broker through the National Association of Realtors
  • Develop an entrepreneurial spirit
  • Research apprenticeships in appraisal

Operations Management

  • Operations Research Analysis: Business strategy, Facilities layout, Inventory control, Personnel scheduling
  • Production Management: Line supervision, Manufacturing management, Production planning, Quality assurance
  • Materials Management: Purchasing/buying, Traffic management, Inventory management

Employers

  • Manufacturers
  • Industrial organizations
  • Service organizations

Strategies

  • Develop strong analytical skills and a logical approach to problem solving
  • Take additional courses in statistics and computer systems
  • This is a more technical side of business
  • Learn to manage multiple situations and problems
  • Be able to communicate with different types of people in various functional areas
  • Earn an MBA to reach the highest levels of operations management

Sales

  • Industrial Sales
  • Consumer Product Sales
  • Financial Services Sales
  • Services Sales
  • Advertising Sales

Employers

  • Profit and nonprofit organizations
  • Product and service organizations
  • Manufacturers
  • Financial companies
  • Insurance companies
  • Print and electronic media

Strategies

  • Obtain experience through internships or sales jobs
  • Must be highly motivated and well organized. Proven leadership abilities are desirable
  • Develop a strong commitment to customer satisfaction

Banking

  • Commercial Banking
  • Retail/Consumer Banking
  • Credit Analysis
  • Lending
  • Trust Services
  • Mortgage Loans
  • Branch Management
  • Operations

Employers

  • Banks
  • Credit unions
  • Savings and loan associations
  • Financial services institutions
  • Federal Reserve banks

Strategies

  • Develop a solid background in business including marketing and accounting
  • Get experience through part-time, summer, orinternship positions in a bank
  • Develop strong interpersonal and communication skills in order to work well with a diverse clientele

Career Advising

Name Office Email Phone
Mark Fauble  110 Student Services Building  mbfaubl@ilstu.edu  (309) 438-5825 

Internship Coordinator

Name Office Email Phone
Victor Devinatz  SFHB 422  vgdevin@ilstu.edu  (309) 438-3403 
John Lust  SFHB 304  jalust@ilstu.edu  (309) 438-2396 

Applying to Illinois State

Illinois State's preferred filing period for freshman students for the fall semester is September 1-November 15. Applying early is encouraged, as the University must limit enrollment due to space at the University and in specific majors/programs. Visit the Office of Admissions to apply today!

Plans of Study and Progress Tracking

This information is based on requirements for the academic year(s) indicated. Students should consult the catalog year they were admitted under for their academic requirements.

Applying to Illinois State

Illinois State's preferred filing period for fall transfer students is September 1-January 15. For the spring semester, the preferred filing period is from April 1-August 1. You are encouraged to apply early in the preferred filing period for best consideration for admission into competitive majors. Visit the Office of Admissions to apply today!

Minimum GPA

2.50

Middle 50% GPA

2.73 - 3.35

Required Courses

Students with fewer than 45 hours are evaluated on collegiate coursework and grade point average.

Students with 45-59 hours earned must complete the following courses with a grade of C or better:

  • Financial accounting (ACC 131),
  • Economics—micro and macro (ECO 105),
  • College algebra (MATH 119) and Finite math (MATH 120), or
  • Applied calculus (MAT 121) or calculus I (MATH 145).

Students with 60 or more hours earned must complete those courses listed above, choosing the applied calculus (MAT 121) or calculus I (MAT 145) option, and complete the following additional courses with a grade of C or better:

  • Managerial accounting (ACC 132) and
  • Statistical reasoning (MQM 100)

Recommended Courses

  • Introductory-level business course (BUS 100),
  • Introductory-level English composition (ENG 101),
  • Intermediate-level English composition (ENG 145), and
  • Prove computer competency through completion of one of the following: ACC 167and 168; ITK 150; IAI BUS 902; or by passing competency examsof ACC 189.67 and 189.68

Additional Information

Students are encouraged to get an AA or AS.

Plans of Study and Progress Tracking

Academic Advising

Name Office Email Phone
Stacey Meyer  COB 129  slmeyer@ilstu.edu  (309) 438-8385 

Middle 50% GPA

2.73 - 3.35

Plans of Study and Progress Tracking

Application Period

September 1 through September 30 and February 1 through February 28.

Application Information

Current students can use the Apply to Your Program tool on My.IllinoisState.edu.

Major Requirements

Fewer than 45 earned and in progress hours

Evaluated upon college coursework, GPA, and admissions criteria for incoming freshmen.

45 - 59 earned and in progress hours

Grades of “C” or better in the following courses or their equivalents:

  • ACC 131
  • ECO 105
  • MAT 119 and 120 or 121 or 145

60 or more earned and in progress hours

Grades of “C” or better in the following courses or their equivalents:

  • ACC 131
  • ACC 132
  • ECO 105
  • MQM 100 or ECO/GEO/POL/PSY 138
  • MAT 121 or 145

The College also requires students to complete in the first semester:

  • BUS 100 with a grade of "C" or better
  • Prove computer competency through completion of one of the following:
    • ACC 167 and 168
    • ITK 150
    • IAI BUS 902
    • by passing competency exams

Academic Advising

Name Office Email Phone
Stacey Meyer  COB 129  slmeyer@ilstu.edu  (309) 438-8385 
2016-08-03T11:23:40.188-05:00 2016
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